Hongli (HLP, Financial) shares experienced a sharp decline of 5.04%. The stock priced at $1.13, with a trading volume of 1,625 shares and a turnover rate of 0.01%, while the amplitude was 4.20%.
Recent financial reports revealed Hongli generated $6.96 million in revenue but posted a net loss of $1.90 million. The earnings per share were reported at -$0.15, and the gross profit stood at $2.25 million, resulting in a negative price-to-earnings ratio of -7.73.
No current institutional recommendations are available regarding buying, holding, or selling the stock. Within the steel industry, where Hongli operates, there was an overall decline of 3.11%. Some stocks in the sector saw significant rises, including Zhengkang International, Mesabi Trust, and Ascent Industries Co. Meanwhile, others like Universal Stainless & Alloy Products, Nucor Steel, and Cleveland-Cliffs showed high activity levels, with turnover rates of 2.09%, 1.30%, and 1.30% respectively. Notably, Nucor Steel, Inno Holdings Inc., and Zhengkang International experienced notable price swings, with amplitudes of 7.08%, 5.12%, and 5.00%.
Hongli Group Inc is a Chinese manufacturer specializing in cold-rolled formed steel profiles, serving sectors such as mining, construction, agriculture, and transportation.
